Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 56.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,503 shares of the oil and gas company’s stock after selling 48,851 shares during the period. Exxon Mobil makes up about 1.0% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 27th largest holding. Wilson Asset Management International PTY Ltd.’s holdings in Exxon Mobil were worth $4,034,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank boosted its holdings in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in Exxon Mobil by 3.5% in the third quarter. Transcendent Capital Group LLC now owns 5,032 shares of the oil and gas company’s stock worth $590,000 after purchasing an additional 169 shares in the last quarter. Costello Asset Management INC boosted its holdings in Exxon Mobil by 61.9% in the third quarter. Costello Asset Management INC now owns 777 shares of the oil and gas company’s stock worth $91,000 after purchasing an additional 297 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in Exxon Mobil by 1.2% in the third quarter. Axxcess Wealth Management LLC now owns 168,659 shares of the oil and gas company’s stock worth $19,770,000 after purchasing an additional 1,970 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.4 %

Shares of XOM opened at $109.06 on Wednesday. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $473.24 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a 50-day simple moving average of $109.20 and a 200-day simple moving average of $113.80.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.